A look at the weighted underlying holdings of the First Trust Dow Jones Select MicroCap Index Fund (FDM) shows an impressive 15.5% of holdings on a weighted basis have experienced insider buying within the past six months. START SLIDESHOW:10 ETFs With Stocks That Insiders Are Buying » Horizon Bancorp , which makes up 0.45% of the First Trust Dow Jones Select MicroCap Index Fund (FDM), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data.

Horizon Bank, a national banking association ("Horizon") and a wholly owned subsidiary of Horizon Bancorp (NASDAQ: HBNC) headquartered in Michigan City, Indiana, announces the signing of a definitive agreement to purchase...

Horizon Bancorp (NASDAQ: HBNC) ("Horizon") and CNB Bancorp today announced they have executed a definitive merger agreement (the "Merger Agreement") pursuant to which Horizon will acquire CNB Bancorp, parent company of The...

Looking at the universe of stocks we cover at Dividend Channel, on 7/6/16, Horizon Bancorp will trade ex-dividend, for its quarterly dividend of $0.15, payable on 7/22/16. As a percentage of HBNC's recent stock price of $24.93, this dividend works out to approximately 0.60%, so look for shares of Horizon Bancorp to trade 0.60% lower — all else being equal — when HBNC shares open for trading on 7/6/16.

The most recent short interest data was recently released for the 03/31/2016 settlement date, and Horizon Bancorp is one of the most shorted stocks of the Russell 3000, based on 16.63 "days to cover" versus the median component at 6.60. There are a number of ways to look at short data, but one metric that we find particularly useful is the "days to cover" because it considers both the total shares short and the average daily volume of shares typically traded.

Looking at the universe of stocks we cover at Dividend Channel, on 4/6/16, Horizon Bancorp will trade ex-dividend, for its quarterly dividend of $0.15, payable on 4/22/16. As a percentage of HBNC's recent stock price of $24.81, this dividend works out to approximately 0.60%, so look for shares of Horizon Bancorp to trade 0.60% lower — all else being equal — when HBNC shares open for trading on 4/6/16.

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Horizon Bancorp presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.

Looking at the universe of stocks we cover at Dividend Channel, on 1/6/16, Horizon Bancorp will trade ex-dividend, for its quarterly dividend of $0.15, payable on 1/22/16. As a percentage of HBNC's recent stock price of $27.59, this dividend works out to approximately 0.54%, so look for shares of Horizon Bancorp to trade 0.54% lower — all else being equal — when HBNC shares open for trading on 1/6/16.

The most recent short interest data was recently released by the NASDAQ for the 09/30/2015 settlement date, and Horizon Bancorp is one of the most shorted stocks of the Russell 3000, based on 9.03 "days to cover" versus the median component at 5.50. There are a number of ways to look at short data, but one metric that we find particularly useful is the "days to cover" because it considers both the total shares short and the average daily volume of shares typically traded.

Looking at the universe of stocks we cover at Dividend Channel, on 9/30/15, Horizon Bancorp will trade ex-dividend, for its quarterly dividend of $0.15, payable on 10/16/15. As a percentage of HBNC's recent stock price of $24.93, this dividend works out to approximately 0.60%, so look for shares of Horizon Bancorp to trade 0.60% lower — all else being equal — when HBNC shares open for trading on 9/30/15.

The most recent short interest data was recently released by the NASDAQ for the 06/30/2015 settlement date, and Horizon Bancorp is one of the most shorted stocks of the Russell 3000, based on 7.96 "days to cover" versus the median component at 4.64. There are a number of ways to look at short data, but one metric that we find particularly useful is the "days to cover" because it considers both the total shares short and the average daily volume of shares typically traded.

In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both.

Looking at the universe of stocks we cover at Dividend Channel, on 6/24/15, Horizon Bancorp will trade ex-dividend, for its quarterly dividend of $0.14, payable on 7/10/15. As a percentage of HBNC's recent stock price of $24.90, this dividend works out to approximately 0.56%, so look for shares of Horizon Bancorp to trade 0.56% lower — all else being equal — when HBNC shares open for trading on 6/24/15.